3953 days ago
This morning AIM listed Eruma (ERU) a provider of counter terrorism kit announced that its trading subsidiary and the PLC had appointed administrators. Its shares were suspended on April 10 pending clarification of its financial position and so we can assume that it is toast. This is a wipe-out. A red flag for investors should have been that Eruma had FIVE County Court Judgements for non-payment of debts against it. As it happens another 195 PLCs also have CCJ’s against their name. So who is next to go bust?
